United States · Amendment · HAMDT
HAMDT 499 (97th)
An amendment to provide that the interest rates be determined by the weighted average yield of all publicly held, interest bearing, marketable issues sold during the fiscal year in which the expenditures of the U.S. were or are made, but shall not be less than 5 percent per year. The bill would use the average yield obtained by the Treasury upon its marketable public obligations sold during the fiscal year in which the expenditures of the U.S. are made and which are not due or collectible for 15 years from date of issuance. The bill has no minimum interest rate.
Introduced
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Last action
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Status
Amendment Passed in Committee of the Whole by Voice Vote.
Sponsors
Rep. Kazen, Abraham, Jr. [D-TX-23]
Subjects
Taxation
Source updated
14 August 2021
Records
Official amendment HAMDT 499 (97th) from United States at United States Congress. Status: Amendment Passed in Committee of the Whole by Voice Vote..
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Sponsors
- Rep. Kazen, Abraham, Jr. [D-TX-23] · D · Sponsor
Related records
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/amendment/97th-congress/hamdt-499
- Open data entity: https://api.congress.gov/v3/amendment/97/hamdt/499
- us · 97-hamdt-499 · source updated 14 August 2021